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Stock Market & Financial Investment News

News Breaks
December 31, 2012
09:39 EDTMGLNMagellan Health says health plan customer will not renew contract
Magellan Health Services disclosed in a regulatory filing that it currently provides behavioral health management services to a commercial health plan customer pursuant to a contract with a term ending December 31, 2013. The company’s revenue pursuant to such contract for the nine months ended September 30, 2012 was approximately $144.5M. Magellan said the customer has informed the company that, after a competitive evaluation process, it has decided not to renew its contract with the company and to contract with another behavioral health management vendor. Since the contract expires on December 31, 2013, the notice by this customer that it will not renew the contract will have no effect on the company's previously issued guidance for 2013, Magellan stated.
News For MGLN From The Last 14 Days
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February 26, 2015
06:37 EDTMGLNMagellan Health raises FY15 adjusted EPS view to $3.33-$3.79 from $3.28-$3.73
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06:34 EDTMGLNMagellan Health reports Q4 adjusted EPS $1.32, may not compare to consensus 49c
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February 23, 2015
19:40 EDTMGLNLeerink healthcare services analyst holds an analyst/industry conference call
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